Think Investments LP raised its holdings in shares of 3D Systems Co. (NYSE:DDD) by 269.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 864,000 shares of the 3D printing company’s stock after purchasing an additional 629,900 shares during the quarter. 3D Systems makes up 2.2% of Think Investments LP’s holdings, making the stock its 12th biggest position. Think Investments LP owned about 0.76% of 3D Systems worth $10,014,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Two Sigma Advisers LP increased its position in 3D Systems by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 39,300 shares of the 3D printing company’s stock worth $340,000 after buying an additional 5,800 shares during the period. LPL Financial LLC increased its position in 3D Systems by 18.8% during the 4th quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock worth $371,000 after buying an additional 6,789 shares during the period. ING Groep NV increased its position in 3D Systems by 26.2% during the 4th quarter. ING Groep NV now owns 32,922 shares of the 3D printing company’s stock worth $284,000 after buying an additional 6,842 shares during the period. Federated Investors Inc. PA increased its position in shares of 3D Systems by 66.7% in the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock worth $211,000 after purchasing an additional 7,284 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of 3D Systems by 1.6% in the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after purchasing an additional 7,565 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.
Shares of DDD stock opened at $14.42 on Tuesday. 3D Systems Co. has a 12 month low of $7.92 and a 12 month high of $22.57. The stock has a market cap of $1.58 billion, a PE ratio of -25.30 and a beta of 1.40. The company has a current ratio of 2.02, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last announced its quarterly earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $159.59 million. 3D Systems had a negative net margin of 11.77% and a negative return on equity of 10.41%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. equities analysts predict that 3D Systems Co. will post -0.2 EPS for the current year.
A number of brokerages recently commented on DDD. ValuEngine upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. JPMorgan Chase & Co. set a $9.00 price target on 3D Systems and gave the stock a “sell” rating in a research report on Thursday, May 3rd. Loop Capital decreased their price target on 3D Systems to $10.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd. Finally, Susquehanna Bancshares set a $12.00 price target on 3D Systems and gave the stock a “hold” rating in a research report on Friday, March 16th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. 3D Systems currently has an average rating of “Hold” and a consensus price target of $11.46.
In related news, Director G Walter Loewenbaum II acquired 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were bought at an average cost of $12.06 per share, with a total value of $54,270.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by insiders.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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